KFH & ProgressSoft Partner for Cheque Deposit Solution via Mobile
Kuwait Finance House (KFH) has launched Mobile Deposit of Cheques in collaboration with an IT solutions provider, ProgressSoft Corporation. The supplier states that the...
Bitcoin Craze Hits Iran as US Sanctions Squeeze Weak Economy
Iranians feeling the squeeze from U.S. sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to such digital currencies as Bitcoin to make...
Qatar Islamic Bank H1 Net Profit Rises 7.5% to QR1.42bn
Qatar Islamic Bank (QIB) has registered a net profit of QR1.42bn in the first half of this year, up 7.5% on H1, 2018.
The leading...
Kuwait Central Bank Approves Warba Bank’s $500mln Sukuk Issue
Kuwait-based Warba Bank has obtained the Central Bank of Kuwait’s (CBK) preliminary approval to issue sukuk at a value not exceeding $500 million under...
Dubai’s Amlak to Restructure $1.2B by End of Year
Dubai-based Islamic mortgage provider Amlak Finance PJSC made “significant progress” on securing new terms for $1.2 billion of debt and expects to reach an...
Dubai Islamic Bank Nets Dh2.7b as Net Profit
Dubai Islamic Bank, the largest Islamic bank in the UAE, reported net profits of Dh2.75 billion for the first-half of 2019, up 13 per...